Finance Minister P. Chidambaram Thursday proposeda 29.4 percent hike in the plan expenditure for the union budget 2013-14.
The plan expenditure for the next fiscal will be aboutRs.5.53 lakh crore, said the finance minister, presenting the annual budget tothe lower house of parliament.
"The budget expenditure is Rs.16,65,297 crore and theplan expenditure is Rs.5,55,322 crore," Chidambaram said, adding that theplan expenditure in 12th Five-Year Plan was revised to Rs.14,30,825 crore or 96percent of budgeted expenditure.